Compute the NPV for Project M if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project M
Time:	0	1	2	3	4	5
Cash flow:	$1,800	$510	$640	$680	$760	$260

Should the project be accepted or rejected?

multiple choice

• accepted

• rejected